MPE Partners, a Cleveland- and Boston-based private equity firm, has promoted Constantine Elefter to partner.

Elefter rejoined the firm’s Cleveland office as a principal in spring 2021 following his time serving as an associate at Morgenthaler and as a senior associate with MPE partners from 2010 to 2013. Currently, Elefter holds board seats with MPE portfolio companies like Hi-Tech, Waterfront Brands and Ideal Aluminum. Elefter brings a history of serving in leadership roles including his time as a vice president with Norwest Equity Partners and as a principal with The Riverside Co.

“We have been impressed with Constantine’s investment judgment and relationship development capabilities,” says MPE partner, Peter Taft. “Constantine has made several meaningful contributions since rejoining MPE, most notably helping drive our successful exit of Bettcher Industries as well as co-leading our investment in Hi-Tech Industries and its subsequent merger with 3D International.”